Banco Santander (Brasil) (NYSE:BSBR) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Banco Santander (Brasil) (NYSE:BSBR) from a buy rating to a hold rating in a research note released on Friday.

Several other research firms have also issued reports on BSBR. Bank of America lowered shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group upgraded Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $4.20 to $4.70 in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $7.00 to $6.00 in a report on Monday, November 25th.

Banco Santander (Brasil) Trading Down 1.8 %

NYSE:BSBR opened at $4.63 on Friday. The company has a 50-day moving average of $4.24 and a 200-day moving average of $4.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. Banco Santander has a twelve month low of $3.75 and a twelve month high of $6.01.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Friday, January 24th will be paid a $0.066 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a yield of 5.71%.

Institutional Trading of Banco Santander (Brasil)

Large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in Banco Santander (Brasil) by 221.4% during the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock valued at $65,000 after buying an additional 8,561 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Banco Santander (Brasil) by 49.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock valued at $5,986,000 after acquiring an additional 375,364 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Banco Santander (Brasil) by 767.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank’s stock valued at $160,000 after acquiring an additional 26,911 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Banco Santander (Brasil) by 68.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after purchasing an additional 7,608 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Banco Santander (Brasil) by 107.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock worth $1,990,000 after purchasing an additional 196,141 shares during the period. 14.53% of the stock is owned by institutional investors.

About Banco Santander (Brasil)

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.